News: Brokerage

Steve Perfit, CCIM, SIOR Managing Director, Broker Pyramid Brokerage Co.

Name: Steve Perfit, CCIM, SIOR Title: Managing Director, Broker Company: Pyramid Brokerage Company Location: Hudson Valley (Kingston and Poughkeepsie offices), N.Y. Birthplace and year: Brooklyn, N.Y., 1942 Family: Wife, 3 children: 39, 36; 2 grandchildren College: BS, NYU; MBA, Pace University First job outside of real estate: Cost accountant for a book manufacturer First job in real estate or allied field: Brokerage with a mixed residential and commercial firm What do you do now and what are your plans for the future? We do commercial brokerage and consulting. Our plans are to consolidate a fragmented market in the Hudson Valley to enable us to market properties and service clients with our Cushman & Wakefield and Pyramid agents and partners. Hobbies: Scuba, working out, landscaping, biking and enjoying my family Favorite book: "As the Future Catches you," Juan Enriquez Favorite movie: "Woman in the Dunes" Person you admire most (outside of family): Dalai Lama Keys to success: Hard work, persistence - "Can be done" If you had to choose another vocation what would it be? Doctor
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Columns and Thought Leadership
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent